Ambika Cotton Mills Limited (ACML) based out of Coimbatore in Southern India, is engaged in the manufacture of premium quality Compact and Elitist cotton yarn for hosiery and weaving. Ambika Cotton is an established player in the international and domestic yarn market with exports constituting roughly sixty percent of its revenues. CMP of the stock is 1600....
NSE:AMBIKCO
I am sharing my view on Ambika cotton previously several times -
from Rs1200.00 - stock is now poised for strong upside of above Rs 2200
Results that has come for this share has been exceptional
In the video I am sharing the technical and fundamental -result for 31 / 12 /2021
Disc: Invested , do you due diligence and research before taking action.
Stock is trading above key moving averages.
Exhibiting strong RS
Volume dry-up on final contractions.
Publishing for my own refernce. Not an investment advise.
given a breakout out of symmetrical triangle.
very strong fundamental stock
If you are new in market , kindly please watch and learn rather than trading d this is a volatile mid cap stock.
VIEW : -
POSITIVE
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients...
As on 28-07-2021
Wave 0 = 390
Wave 1 = 771
Wave 2 = 606.1
Wave 3 (currently as high is not taken out) = 1515
Wave 4 Max Possibility = 1050 as 0.5 retrace
Wave 5 Min Target = 1613
If Wave 4 retraces to 0.618 there are chances of double top
